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Sense on Cents Interviews Joe Saluzzi Regarding High Frequency Program Trading

Posted by Larry Doyle on July 29, 2009 7:07 AM |

High frequency program trading is the single hottest topic on Wall Street today. No individual has generated greater focus on this topic than Joe Saluzzi of Themis Trading.

I look forward to interviewing Mr. Saluzzi this Sunday evening, August 2nd from 8-9pm on NoQuarter Radio’s Sense on Cents with Larry Doyle.

This show will comprehensively cover the gamut of issues and topics involved in this highly controversial trading activity. Does high frequency program trading engage in front-running? Are retail and institutional investors disadvantaged? Are the exchanges and regulators looking the other way? What were the developments in the marketplace which brought us to this point?

NQR’s Sense on Cents with Larry Doyle will address these questions and more with the man ‘in the arena’ and at the center of the debate, Joe Saluzzi.

The show is available as a podcast on iTunes, and also archived in an audio player right here at Sense on Cents so it should serve as a tremendous informational resource as we continue to navigate the economic landscape.

Please share with friends and colleagues.

LD

Editor’s Note, 8.03.09: For a full review of this broadcast, please visit Review of Sense on Cents Interview with Joe Saluzzi on High Frequency Trading.

Related Sense on Cents Commentary:

High Frequency Trading Debate: Mano a Mano (July 24, 2009)

Is Uncle Sam Manipulating the Equity Markets? (July 1, 2009)

  • lizzy

    Last Sunday’s program on emerging markets was really great. I’m looking forward to your interview with Joe Saluzzi after the previous references to his views.

  • Larry Doyle

    Thanks, Lizzy. Nothing like finding people who are literally right in the mix to offer hands on perspectives.

  • Jerry

    Larry,

    Please ask Mr. Saluzzi for proof of what he claims. You say you intend to ask him “Does high frequency program trading engage in front-running?” There is no way he can answer that question unless he engages in that activity himself. If by some miracle he has proof, he should have already gone to the SEC. Additionally, keep in mind that the controversy is around High Frequency Trading in general which encompasses hundreds of different trading strategies of which high frequency program trading is but one (albeit a big one). Here is the NYSE definition of program trading: “Program trading encompasses a wide range of portfolio-trading strategies involving the purchase or sale of a basket of at least 15 stocks.”

    • Larry Doyle

      Jerry,

      I hope you will listen to the show. There will be a chat room and call-ins available to address questions. You can rest assured I will address the front -running topic.

      In regard to front-running, I traded fixed income for 15yrs and I saw plenty of guys front-run customers. I wasn’t involved so I’m not sure I accept your premise that Mr. Saluzzi needs to be involved either. He is entitled to his opinion.

      I look forward to my conversation with him.






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